I wish I had bought some Apple (AAPL-Q) when they were in the toilet. Shares that were trading for around $28 just a few year ago are now trading over $370 and they are expected to go as high as $450. Why is that?

First Apple is a good company that makes products consumers want. Second they are going after the Chinese market. The biggest market in the world with over 600 million people using cell phones. Finally there is a rumor that Apple will release a consumer iPhone that would sell for a fraction of the price of their new iPhone 5. This way Apple would have a phone for everyone, just like they have a computer or a tablet for everyone.

Apple is doing fine even without Steve. This is a good sign! It means that the company has finally matured and its image is no longer attached to its CEO. Apple will continue to strive even when Steve retires entirely.